Fazel Payvand 4

4 · WILLIAMS COMPANIES, INC. · Filed Mar 11, 2026

AI-generated summary of this filing

Updated Mar 11, 2026

Williams (WMB) SVP Fazel Payvand Receives Stock Awards; 1,464 Shares Withheld

What Happened

Fazel Payvand, Senior Vice President of Williams Companies (WMB), received equity awards on 2026-03-09 totaling 10,964 restricted stock units (RSUs) at $73.18 per share (total value $802,346). On the same date, 1,464 shares were withheld by the issuer to satisfy tax withholdings (disposed) at $73.18 per share for $107,136.

Key Details

Transaction date: 2026-03-09; Form 4 filed 2026-03-11 (timely filing).
Awards: 5,637 time‑based RSUs @ $73.18 = $412,516; 5,327 performance‑based RSUs (derivative) @ $73.18 = $389,830.
Tax withholding: 1,464 shares withheld (code F) @ $73.18 = $107,136 to cover tax liability from a 2023 RSU grant (footnote F1).
RSU mechanics: Time‑based RSUs convert 1:1 into common stock (F2). Performance RSUs vest contingent on committee certification of 3‑year performance measures and pay out 0%–200% of the awarded units (F3).
Shares owned after transaction: Not specified in the provided filing excerpt.

Context

These transactions are awards (compensation) and a routine tax withholding — not an open‑market purchase or sale signaling an investment decision. The performance RSUs are contingent on future performance metrics and may pay out at a multiple (0–200%) depending on results.

Form 4

Period: 2026-03-09

Senior Vice President

Transactions

Tax Payment
Common Stock
[F1]
2026-03-09$73.18/sh−1,464$107,136→ 29,027 total
Award
Common Stock
[F2]
2026-03-09$73.18/sh+5,637$412,516→ 34,664 total
Award
Restricted Stock Units
[F3]
2026-03-09$73.18/sh+5,327$389,830→ 5,327 total
Exercise: $0.00From: 2029-03-09Exp: 2029-03-09→ Common Stock (5,327 underlying)

Footnotes (3)

[F1]Shares of common stock withheld by Issuer to satisfy tax withholdings of the Reporting Person in connection with a 2023 grant of time-based restricted stock units previously reported on an as-owned basis in Table I.
[F2]Time-based restricted stock units convert into common stock on a one-for-one basis.
[F3]Performance-based restricted stock units. Vesting is subject to applicable grant agreement and Compensation and Management Development Committee certification that the Company has met the applicable three year performance measures for certain financial metrics not solely tied to the market price of issuer securities. The payout will range from 0 percent to 200 percent of the awarded number of units.

Signature

Cheryl L. Mahon, Attorney-in-fact|2026-03-11

1 file